Outlook Of Nifty/bank nifty today

Nifty:

Nifty Outlook

Nifty opened gap up at 8808 and sustained well above the support level of 8750. Although it was a flat day with a good pull back in the index prices at the beginning itself. As forecasted a good break in nifty was seen today and we closed well at 8815 for coming days we expect prices to trend above 8900 following by a major support of 8700

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Bank Nifty:

Bank Nifty Outlook

Almost a recovery of 170 points was seen in bank nifty for the day. Prices closed green at 20427. We got a break through the 20300 handle and now we expect some more new upside from the bank nifty. Where icicibank was most gaining stock in the banking sector for the day.

Nifty Trends

R1 8890
R2 9050
S1 8750
S2 8600
Technical Outlook:

Nifty Day Performance

Open 8,808.00
High 8,834.40
Low 8,781.80
Close 8816.60

Top Gainers

AMBUJACEM 239.00
ACC 1483.90
SUNPHARMA 673.90
ICICIBANK 290.30

Top Losers

DRREDDY 3090.00
CIPLA 599.95
HINDALCO 189.55
TATAMTRDVR 330.40